Emeren Group ( (SOL) ) has issued an announcement.
Emeren Group Ltd announced the resignation of CEO Yumin Liu, effective April 30, 2025, with Julia Xu stepping in as Interim CEO from May 1, 2025. The company is searching for a new CEO while Xu, a seasoned financial expert and former CFO of Emeren, will guide the company through this transition. Additionally, Emeren’s Board has formed a Special Committee to evaluate a going-private proposal received on March 17, 2025. The company also released preliminary Q1 2025 results, expecting revenue of approximately $8.4 million, a gross margin of 32%, and a non-GAAP operating loss of about $4 million, with final results anticipated in mid-May.
More about Emeren Group
Emeren Group Ltd, listed on the NYSE under the ticker SOL, is a leader in renewable energy with a focus on solar projects and Independent Power Producer (IPP) assets. The company boasts a significant global Battery Energy Storage System (BESS) capacity and is involved in the entire solar project lifecycle, from development to construction and financing. Emeren leverages local talent in each market to ensure efficient and impactful sustainable energy solutions, emphasizing innovation, excellence, and environmental responsibility.
YTD Price Performance: -20.87%
Average Trading Volume: 354,289
Technical Sentiment Signal: Strong Buy
Current Market Cap: $83.14M
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